There are many steps to starting any small business. Filing for a business license and registering your business name is just the start—you also need to think about your business goals, finding clients, protecting your business, and many other aspects of running a business. Consultants face unique challenges as they enter the workforce, but with […]
Business insurance is an important way to protect your livelihood as a consultant. Taking the time to create an adequate safety net could go a long way towards ensuring the success of your consultancy for years to come. But, you’re also busy. Researching which types of coverage you might need, getting quotes, and comparing policies […]
Managing cash flow is a challenge for many consultants. Your work may be seasonal or strongly affected by outside factors, like economic downturns or changing client behavior. You might be swimming in clients one month and struggling to find them the next. Here are seven easy cash flow ideas to help you manage your professional […]
Consultants face unique workplace risks. Whether you’re a one-person consultancy or a firm with a dozen employees, you will likely want to think about risk management for your consulting business. The strategies you put in place can help you prepare for and possibly avoid many of the challenges facing the consulting industry. Let’s review six […]
Management consultants provide important services that can help businesses improve their performance and operations. However, while you’re advising others towards success, you should think about your own success too. You’ve built a business on your knowledge and expertise, but are you protecting it? Management consultants face a number of liability risks due to the nature […]
It goes without saying that when you start out in business as a consultant, the crucial procedure that will make or break your business is how successfully you seek out and engage new clients. To do this, you need to know the best ways of promoting and expanding your business. You may start your consultancy […]
Effective marketing of your consultancy is one of the most significant challenges you will face as you build your business. Creating a brand that gets recognized and sells your skills effectively can be difficult, particularly when there is so much competition in the market. Consultants are effectively selling themselves, which adds to the difficulty. With […]
Consultants work in virtually every industry, providing their clients with essential advice and guidance to improve their business or lives. While there is money to be made by choosing a broad consulting speciality, you could be overlooking a potentially lucrative niche market. Providing consulting services within a niche market can set you apart from the […]
More people are embracing the “work from home” lifestyle and starting their own businesses to help create an even better work-life balance. Consulting is one occupation that’s in-demand that you can easily do from the comforts of your own home. Small businesses in many often hire freelance consultants to work on different projects, rather than […]
As a consultant, you spend much of your day providing clients with advice based on your specialized knowledge and expertise. This opens you up to potential liability claims. If a client alleges that the advice you provided resulted in a financial loss for them, they could decide to file a lawsuit and seek compensation. Professional […]
